Supply Chain Solutions segment

Business performance and order intake

At €396.3 million, order intake in the Supply Chain Solutions segment in the first three months of 2018 was down by 14.1 per cent on the prior-year figure (Q1 2017: €461.3 million) due to a slow start in the project business and currency effects. The weaker US dollar, in particular, reduced the value of order intake in the segment by a total of €42.2 million. > TABLE 08

Key figures – Supply Chain Solutions

08

in € million

Q1 2018

Q1 2017*

Change

*

Key figures for 2017 were restated due to the initial application of IFRS 15 and IFRS 16

Order intake

396.3

461.3

–14.1%

Total revenue

470.7

481.6

–2.3%

EBITDA

45.8

44.3

3.3%

Adjusted EBITDA

46.1

49.7

–7.3%

EBIT

1.9

–17.3

>100%

Adjusted EBIT

35.0

34.5

1.4%

Adjusted EBITDA margin

9.8%

10.3%

–

Adjusted EBIT margin

7.4%

7.2%

–

Revenue

Segment revenue, at €470.7 million, fell just short of the prior-year figure (Q1 2017: €481.6 million). Currency effects also had an adverse impact on revenue, reducing it by €53.1 million. The proportion of segment revenue accounted for by the service business held steady at 24.8 per cent (Q1 2017: 25.0 per cent). The proportion of revenue generated in North America increased to 68.1 per cent (Q1 2017: 52.8 per cent).

Earnings

Despite negative currency effects, particularly as a result of the weak US dollar, the Supply Chain Solutions segment generated adjusted EBIT of €35.0 million, which was on a par with the prior-year level (Q1 2017: €34.5 million) and equated to an adjusted EBIT margin of 7.4 per cent (Q1 2017: 7.2 per cent). After taking into account non-recurring items and purchase price allocation effects, EBIT came to €1.9 million (Q1 2017: minus €17.3 million).